Looks like the EUR/GBP is breaking down after from its consolidation so I went ahead and adjusted my stop to just above the high of the consolidation and am looking to take profit in the .6735 range. I think that price is going to be attracted to the .6700 area before it really turns back north at all for a couple of reasons.
1.) That’s where the support is were you to extend the increasing trendline
2.) That’s right around where the FFF indicates a reversal level
But I’m not going to get too greedy here. At a minimum I’ll look to close 1 of my 2 lots, but I may let the other half stretch for the .6700 area, we’ll just have to wait and see. As for now, I have to go get cleaned up as I just got back from day # 3 of painting our new house and I’m a mess!
And thank you to those of you who noticed I was gone for a little bit and wrote me with your very kind words, I do truly appreciate them all.

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April 2nd, 2007
Jason
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